China Taxa de Desemprego

China's surveyed urban unemployment rate averaged 5.3% in January- February 2024. In February, the urban surveyed unemployment rate was 5.3%, up from 5.2% in January and 5.1% in December 2023. It was the highest reading since last July, with the unemployment rate of the local registered labor force at 5.5% while that of the migrant labor force was at 4.8%. The jobless rate in 31 large cities and towns was at 5.1%. The average weekly working hours of employees in enterprises were 48.0 hours. For 2024, the government has targeted a jobless rate of around 5.5%, possibly creating about 12 million new urban jobs. China has set a GDP growth target of around 5% for 2024. Last year, the unemployment rate dropped to 5.2% from 5.6% in 2022, less than the official target of around 5.5%.